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Cable Update (GBPUSD)

  • #103,141
  • Dec 2, 2008 10:02am Dec 2, 2008 10:02am
i dont do much chatting... more listening...im a computer science guy working on my master thesis with a focus in building a platform to evaluate the forex market...

the h1/62 ema doesnt make any sense (48 or 72 hours ema would make sense...even 55 because it is a fibo)...however, it is clear it does work!... i am going to be watching this more
  • #103,142
  • Dec 2, 2008 10:03am Dec 2, 2008 10:03am
Quoting eohater
Long again at 4967. Might not be good!!
Sorry my friend,
took the bus south...
took out half on +20 . now its a free ride
  • #103,143
  • Dec 2, 2008 10:03am Dec 2, 2008 10:03am
Quoting mpurdy1973
i dont do much chatting... more listening...im a computer science guy working on my master thesis with a focus in building a platform to evaluate the forex market...

the h1/62 ema doesnt make any sense (48 or 72 hours ema would make sense...even 55 because it is a fibo)...however, it is clear it does work!... i am going to be watching this more
It works, we don't ask why but it does.
Just digging in the trenches like everyone else!
  • #103,144
  • Dec 2, 2008 10:03am Dec 2, 2008 10:03am
Quoting moewenger
yeah!'s an important s/r level today. in the asian session it was tested today.
right now i'm trailing it. my SL is at pivot.
Yep that level might need ram raiding to get through
  • #103,145
  • Dec 2, 2008 10:04am Dec 2, 2008 10:04am
last time similar setup happened on usdjpy it fell to days low and then some, not saying it exactly the same but so far so ok
  • #103,146
  • Dec 2, 2008 10:05am Dec 2, 2008 10:05am
Quoting ady27
Sorry my friend,
took the bus south...
took out half on +20 . now its a free ride
not quite still gotta get through 1.493x thats a tough one!!
  • #103,147
  • Dec 2, 2008 10:05am Dec 2, 2008 10:05am
Quoting PipLand
Yep that level might need ram raiding to get through
someone sit on this mofo..
  • #103,148
  • Dec 2, 2008 10:05am Dec 2, 2008 10:05am
Quoting ady27
Sorry my friend,
took the bus south...
took out half on +20 . now its a free ride
No worries bro! You trade what you see. I added at 4938 and got out at 4950 for a little profit. Not much, but it'll buy me coffee.
Just digging in the trenches like everyone else!
  • #103,149
  • Dec 2, 2008 10:06am Dec 2, 2008 10:06am
Quoting steelhead
Right of the first line i drew. If you took a position there light and had more bullets in the gun incase it went up that is great.

that is the way to trade. Dont blow your whole wad on one price build positions
yes, especialy in this volatile thin market where u can easily get squeezed out if u have stop too near ur entry, found it best to look for support and resistance areas to get involved as opposed to one price.
Trading is 80% Emotional, 20% Technical
  • #103,150
  • Dec 2, 2008 10:07am Dec 2, 2008 10:07am
look its bounce from fibo line 61.8 ... and try to hold @ 1.4931
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.gif Size: 14 KB
  • #103,151
  • Dec 2, 2008 10:07am Dec 2, 2008 10:07am
Quoting eohater
It works, we don't ask why but it does.
If so many people watch it and use it then it will work, like fibs. Ive been watching it but not using it, but you can add me to the list now!
  • #103,152
  • Dec 2, 2008 10:09am Dec 2, 2008 10:09am
Quoting fx local
yes, especialy in this volatile thin market where u can easily get squeezed out if u have stop too near ur entry, found it best to look for support and resistance areas to get involved as opposed to one price.
Very good advice! The least riskiest way of getting involved, which is def needed in this volatile market
  • #103,153
  • Dec 2, 2008 10:09am Dec 2, 2008 10:09am
Quoting Turtle
Must be on the same page...4991 for me, good job!

HOLLA
Great job bro!! I reentered on the retest and closed for 100 pips near the m15 50ema...



Quoting eohater
Good job bro! I played it twice and got out both times at 5000. You and our other brother nailed it a couple more than me. 120 pips in 2 hours is not bad though. Let's see if we get it one more time now!
Excellent stuff brother!!! I got in twice up there for some nice pippage.....Gotta love the h1 62ema....===>
Patience + Discipline - Greed = Success
  • #103,154
  • Dec 2, 2008 10:10am Dec 2, 2008 10:10am
Quoting eohater
No worries bro! You trade what you see. I added at 4938 and got out at 4950 for a little profit. Not much, but it'll buy me coffee.
Good for you... "show me the ...pips"

I learn a lot from you
  • #103,155
  • Dec 2, 2008 10:11am Dec 2, 2008 10:11am
Quoting nAVIN2007
someone sit on this mofo..
im not closing any shorts until were through if that helps
  • #103,156
  • Dec 2, 2008 10:11am Dec 2, 2008 10:11am
Quoting Infinity
Great job bro!! I reentered on the retest and closed for 100 pips near the m15 50ema...

Excellent stuff brother!!! I got in twice up there for some nice pippage.....Gotta love the h1 62ema....===>
I think Turtle might be the makings of our third muskateer!
Just digging in the trenches like everyone else!
  • #103,157
  • Dec 2, 2008 10:12am Dec 2, 2008 10:12am
Quoting eohater
It works, we don't ask why but it does.
h1 62ema ===>
Patience + Discipline - Greed = Success
  • #103,158
  • Dec 2, 2008 10:13am Dec 2, 2008 10:13am
Quoting enoh james a
are u still on that trade?and are u short?
yes i am.why
  • #103,159
  • Dec 2, 2008 10:14am Dec 2, 2008 10:14am
Quoting eohater
I think Turtle might be the makings of our third muskateer!
Yup!!........All 4 one, one 4 all....
Patience + Discipline - Greed = Success
  • #103,160
  • Dec 2, 2008 10:14am Dec 2, 2008 10:14am
Quoting PipLand
not quite still gotta get through 1.493x thats a tough one!!
now it really going. to today's low please...
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